Economic development and its influence on state capital structure

Agnė Šimelytė () and Jūratė Antanavičienė ()
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Agnė Šimelytė: Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania
Jūratė Antanavičienė: Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania

Entrepreneurship and Sustainability Issues, 2013, vol. 1, issue 1, 1-9

Abstract: The article deals with the problem of the formation of the state capital and examines the influence of local or foreign capital on the national economy. The extent to which GDP depends on foreign debt, on foreign direct investments and on financial support was determined. GDP, the export/import ratio, inflation and average wage level are attributed to the key factors defining the growth of economy, i. e. depending on the capital structure. The average wage level is employed as the unit for the calculation of labour costs. It can be observed that the nature, intensity, and impact of the foreign capital vary in different business sectors. The conclusion can be drawn that the impact of the foreign capital and its factors depend only on the country-specific features.

Keywords: Foreign Direct Investment (FDI); capital structure; foreign capital; government debt; Gross Domestic Product (GDP) (search for similar items in EconPapers)
JEL-codes: F34 F35 H63 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:1:y:2013:i:1:p:1-9

DOI: 10.9770/jesi.2013.1(1)

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